Maruti Suzuki India Ltd., India’s leading car manufacturer, recently announced aluminium ADC12 alloy ingot settlement prices for regular sourcing, which has been increased by around INR 22,000/t to INR 229,850/t for Mar’22. Maruti usually announces prices after completing one month’s sourcing. SteelMint assessed ADC12 prices at INR 215,000/t exw Faridabad, excluding GST, on 13 April. The Chinese market is still under lockdown and Indian suppliers are waiting for resumption of exports.
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